Post
Topic
Board Development & Technical Discussion
Merits 13 from 5 users
Topic OP
Why do some people pay illogically high fees for transactions?
by
Synchronice
on 01/05/2023, 08:15:14 UTC
⭐ Merited by Ratimov (5) ,hugeblack (4) ,Welsh (2) ,pooya87 (1) ,stompix (1)
Look at this Transaction[1]. It paid 15x more than it was necessary to get confirmation. It paid $38.77 in fees for transaction that worth $180. If you have a look at old transactions of this wallet, it was always paying optimal fees.
I don't really know what happened there, while it paid 5x more than recommended, actually $10.56 was spent in fees while transacted amount was $1.41, check: Transaction[2]
And here - Transaction[3], someone even paid 56x more.

Is this done on purpose by some miners to increase the overall transaction fees and collect more fees?